New York S 210: Relates to school district tax levies

Bill Text

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S00210 Summary:

BILL NOS00210 

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SAME ASNo Same As

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SPONSORHELMING

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COSPNSRBORRELLO, CANZONERI-FITZPATRICK, GALLIVAN, LANZA, OBERACKER, RHOADS, TEDISCO

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MLTSPNSR

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Amd §581-a, Lab L; add §92-kk, St Fin L

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Provides for the rate of employer contributions to the unemployment insurance fund in the 2026 fiscal year; establishes the unemployment insurance solvency reserve fund.

Go to top S00210 Actions:

BILL NOS00210 

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01/08/2025REFERRED TO LABOR

01/07/2026REFERRED TO LABOR

Go to topS00210 Committee&nbspVotes:

Go to topS00210 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00210 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 210

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. HELMING, BORRELLO, CANZONERI-FITZPATRICK, GALLIVAN,
 LANZA, OBERACKER, TEDISCO -- read twice and ordered printed, and when
 printed to be committed to the Committee on Labor

 AN ACT to amend the labor law and the state finance law, in relation to
 employer contributions to the unemployment insurance fund and estab-
 lishing the unemployment insurance solvency reserve fund

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 581-a of the labor law is amended by adding a new
 2 subdivision 3-a to read as follows:
 3 3-a. Notwithstanding the provisions of section five hundred eighty-one
 4 of this title to the contrary and notwithstanding the actual size of the
 5 fund index, the rate of contribution for a qualified employer in the two
 6 thousand twenty-six fiscal year shall be the percentage shown in the
 7 column headed by the size of the fund index at five percent or more and
 8 on the same line with such qualified employer's negative or positive
 9 employer's account percentage pursuant to subdivision two of section
 10 five hundred eighty-one of this title, unless using the actual size of
 11 the fund index would result in a lower rate of contribution for an
 12 employer, in which case such employer shall be liable for such lower
 13 rate of contribution.
 14 § 2. The state finance law is amended by adding a new section 92-kk to
 15 read as follows:
 16 § 92-kk. Unemployment insurance solvency reserve fund. 1. There is
 17 hereby established in the state treasury a fund to be known as the
 18 "unemployment insurance solvency reserve fund". Such fund shall consist
 19 of moneys deposited there and moneys shall be withdrawn from such fund
 20 only for the purposes as provided therein.
 21 2. Such fund may consist of but not be limited to, discretionary
 22 federal funds designated as recovery funds during a period of economic

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00704-01-5

 S. 210 2

 1 downturn and non-recurring state funds derived from settlement proceeds
 2 and other sources.
 3 3. Such fund may also consist of amounts appropriated or transferred
 4 pursuant to statute.
 5 4. The amounts available in such reserve may be used if the following
 6 conditions are met:
 7 (a) The unemployment insurance fund has borrowed money from the feder-
 8 al government for the purpose of paying benefits to claimants;
 9 (b) The federal government has imposed an interest assessment
 10 surcharge on the state of New York for loans to the unemployment insur-
 11 ance fund; and
 12 (c) The federal government is recovering the principal on money loaned
 13 to the unemployment insurance fund for the payment of benefit to claim-
 14 ants.
 15 § 3. This act shall take effect immediately.

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